MRX Dividend Type Payments
Although MRX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marex Group plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Marex Group plc - Ordinary Shares (MRX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 38.33 | 39.99 | 39.06 | +0.87 | 780K | 14 | 2.7B |
MRX Dividend-Like Income Using Covered Calls
With MRX at 39.06, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 1.17 | 0.3 |
| 5% | 1.95 | 0.5 |
| 10% | 3.91 | 1.1 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
| 3% Yield On MRX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 40.00 | 0.30 | 10 | 3.0 | 0.01 (0.0%) | |
| Jan 16 | 40.00 | 1.30 | 38 | 3.4 | 0.01 (0.0%) | |
| 5% Yield On MRX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 40.00 | 0.30 | 10 | 3.0 | 0.01 (0.0%) | |
| Jan 16 | 40.00 | 1.30 | 38 | 3.4 | 0.01 (0.0%) | |
| 10% Yield On MRX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 40.00 | 0.30 | 10 | 3.0 | 0.01 (0.0%) | |
| Jan 16 | 40.00 | 1.30 | 38 | 3.4 | 0.01 (0.0%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | TE dividend | |
| 2. | SPY dividend | 7. | SLV dividend | 2. | RZLT dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | ORCL dividend | |
| 4. | IWM dividend | 9. | FXI dividend | 4. | LULU dividend | |
| 5. | IBIT dividend | 10. | NFLX dividend | 5. | NKTR dividend | |
Want more examples? MRVL Dividend | MS Dividend
